Bessent Makes Last-Ditch Effort to Pass CLARITY Act Ahead of Crucial Senate Vote

U.S. Treasury Secretary Scott Bessent has made a final plea to lawmakers to pass the CLARITY Act, which aims to establish a clear regulatory framework for digital assets.

In a recent tweet, Bessent urged senators to stay at the negotiating table and reach an agreement when they return from the August recess.

The biggest hurdle remains negotiations over ethics rules and restrictions involving government officials and digital assets.

Democratic lawmakers have pushed for stronger conflict-of-interest rules and financial disclosure requirements before backing the bill, which has sharply reduced expectations for passage.